LUXE Properties Acquires Industrial Property In Miami For $2.25M
4205 Northwest 36th Avenue, Miami, Florida 33142, United States
$2,250,000
$354/SF
Building Size
6,348 SF
Asset Type
Industrial
Closing
Mar 3, 2022
AI
Owning a prime location in Miami's industrial market, an industrial property located at 4205 NW 36th Ave has recently changed hands. The property spans an area of 6,348 square feet and was sold for a total price of $2,250,000. With a price per square foot of $354, this transaction showcases the demand for industrial assets in the Miami market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,250,000
- Date: 03/04/2022
- Address: 4205 NW 36th Ave
- Market: Miami
Representing the seller, Frank M. Silva Martinez and Mayra Cruz, were Luis Dominiguez and Victor Jaramillo from Douglas Elliman. On the buyer's side, Kristy Martinez and Shanut Anaut from LUXE Properties LLC served as the buyer's representatives, facilitating the successful transaction. Their expertise and negotiation skills contributed to the smooth completion of the deal.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93